Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 52-Week High at $45.61

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $45.61 and last traded at $45.60, with a volume of 25526 shares. The stock had previously closed at $45.54.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The stock’s 50-day moving average is $44.65 and its 200 day moving average is $44.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SCHI. Charles Schwab Investment Advisory Inc. increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 2.8% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 111,203,789 shares of the company’s stock worth $4,947,457,000 after purchasing an additional 3,069,445 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Schwab 5-10 Year Corporate Bond ETF by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,392,664 shares of the company’s stock worth $242,346,000 after acquiring an additional 291,609 shares in the last quarter. RiverFront Investment Group LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the first quarter valued at $171,904,000. Envestnet Asset Management Inc. lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,685,393 shares of the company’s stock valued at $162,526,000 after acquiring an additional 387,815 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of Schwab 5-10 Year Corporate Bond ETF by 27.9% in the 2nd quarter. Raymond James & Associates now owns 981,945 shares of the company’s stock valued at $43,304,000 after acquiring an additional 214,492 shares during the period.

About Schwab 5-10 Year Corporate Bond ETF

The Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of USD-denominated investment-grade corporate bonds with intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.